MGM MIRAGE Reports Record Second Quarter Revenue, Cash Flow and Net Income

Size: px
Start display at page:

Download "MGM MIRAGE Reports Record Second Quarter Revenue, Cash Flow and Net Income"

Transcription

1 NEWS RELEASE MGM MIRAGE Reports Record Second Quarter Revenue, Cash Flow and Net Income 7/24/2001 PRNewswire LAS VEGAS MGM MIRAGE (NYSE: MGG) today reported earnings of 47 cents per diluted share for the 2001 second quarter, compared with a loss of 13 cents per diluted share in the 2000 quarter. Excluding nonrecurring expenses, the Company reported a 20% increase in earnings per share to 48 cents per share for the three months ended June 30, 2001, up from 40 cents per share in the prior year's quarter. Net income before nonrecurring expenses grew 27% to $77.3 million in the 2001 quarter from $60.7 million in the prior year's quarter. These results reflect the continued strong performance from the Company's casino and hotel operations and the impact of the historic acquisition of Mirage Resorts, Incorporated ("Mirage Resorts") on May 31, Revenue and operating cash flow ("EBITDA") soared 74% and 63%, respectively, representing the tenth consecutive quarterly increase in revenue and EBITDA on a year-over-year basis. On a pro forma basis to account for the Mirage Resorts acquisition in both periods, revenue grew 2% to $1.05 billion while EBITDA increased 5% to $324.8 million in the 2001 second quarter. "This quarter marks the one year anniversary of the combination of two powerful companies. Our operating performance and results have not only exceeded expectations but exemplify the strength of our people, our properties and our brands," said Terry Lanni, Chairman and Chief Executive Officer of MGM MIRAGE. "Given the variety of economic concerns corporate America has faced since the beginning of the year, we are pleased with our outstanding results. Many of those factors remain in place today, but with half of 2001 behind us, we are confident in our ability to succeed in this challenging environment." Second Quarter Company Highlights 1

2 -- Overall the Company experienced 5% growth in revenue per available room ("REVPAR") at its Las Vegas properties -- Produced significant free cash flow at all operating properties -- Reduced debt by $195 million during the quarter, resulting in total debt reduction of $846 million since the acquisition of Mirage Resorts -- Successfully amended and extended our $800 million 364-Day Credit Facility -- Construction of Borgata, our 50% owned resort, continues on track and the design phase for a second wholly-owned resort in Atlantic City is underway Company-Wide Operating Results For the three months ended June 30, 2001, the Company reported consolidated net revenue of $1.05 billion, up 74% from the prior year's quarter of $603.5 million. The increase in net revenue was largely due to the acquisition of Mirage Resorts. The 2001 quarter reflects three months of operating results from Mirage Resorts when compared with only a one-month contribution in the prior year's quarter. EBITDA grew 63% to $324.8 million from $199.1 million in the 2000 quarter. EBITDA also benefited from a full quarter contribution by the Mirage Resorts properties. The Company recorded a 31% overall EBITDA margin during the 2001 second quarter. "Our Las Vegas properties continue to exhibit strong growth, and this enabled us to improve our operating margins in the quarter," said Jim Murren, President and CFO of MGM MIRAGE. "We remain committed to improving our balance sheet as evidenced by the significant reduction of our leverage ratio. Our debt to EBITDA is now 4.3 times, down from 5.4 times just one year ago. Our strong capital structure affords our Company a tremendous opportunity to grow through selective investment in our existing resorts as well as expanding our portfolio of properties." Bellagio Bellagio achieved EBITDA of $76.3 million on net revenue of $240.5 million for the three months ended June 30, 2001, versus EBITDA and net revenue of $55.2 million and $217.0 million, respectively for the second quarter of Quarterly EBITDA margin was 32%, representing a seven percentage point increase over the 25% recorded in the second quarter of Casino revenue increased by $18.8 million, benefiting from a slightly higher than average table game hold percentage when compared with an abnormally low hold percentage in the year ago quarter, as well as increased table game volume. Net non-casino revenue increased by $4.6 million, attributable to significant increases in room, food and beverage and entertainment revenue. Double-digit increases in average daily room rate ("ADR") and REVPAR contributed to the increase in non-casino revenue, as did an 8% increase in average ticket price for the "O" Show. 2

3 MGM Grand Las Vegas - The City of Entertainment MGM Grand Las Vegas - The City of Entertainment recorded a 6% increase in net revenue to $198.2 million and a 7% increase in EBITDA to $60.1 million for the three months ended June 30, 2001, versus $187.7 million and $56.0 million, respectively during the prior year's quarter. Quarterly EBITDA margin was up slightly to 30.3% in the most recent quarter. The increases in net revenue and EBITDA during the 2001 second quarter were due to a 5% and 6% increase in casino revenue and net non-casino revenue, respectively. Casino revenue benefited from strong increases in both table game and slot volumes. As a result of the increased table game volume, particularly baccarat, The City of Entertainment was able to achieve a record second quarter table game revenue despite a slightly lower hold percentage in the 2001 quarter when compared with the prior year's quarter. Net non-casino revenue benefited from increases in both room revenue and food and beverage revenue. Room revenue grew 9% in the 2001 second quarter as a result of record second quarter ADR of $113 and a $3 increase in REVPAR to $112. This represents the second highest room revenue quarter in the history of this property, ranking behind only the 2001 first quarter. The City of Entertainment also benefited from record second quarter food and beverage revenues, up 11% in the 2001 quarter when compared to the prior period. The Mirage The Mirage recorded net revenue of $163.9 million, versus $150.3 million reported in the second quarter of EBITDA of $47.7 million represented a 35% increase over the $35.4 million achieved in the second quarter of 2000, and was the resort's best second quarter result since EBITDA margin of 29% represented a five percentage point increase over the 24% reported in the prior-year second quarter. Casino and net non-casino revenue each increased by 9% versus the second quarter of The increase in casino revenue was principally the result of increased table game volume. Non-casino revenue benefited from the opening of The Mirage's new events center, which drove increases in the resort's ADR and REVPAR as well as a strong increase in its catering and banquet business. Treasure Island Treasure Island achieved its seventh consecutive year-over-year quarterly increase in EBITDA, to $27.5 million versus $26.9 million in the second quarter of Net revenue increased to $93.3 million from $91.6 million in the prior-year period. EBITDA margin increased slightly to 30% despite higher utility costs resulting from increased energy rates. The increase in quarterly net revenue was concentrated in the slot and entertainment areas, with entertainment revenue benefiting from an increase in ticket pricing as well as increased showroom capacity. New York - New York 3

4 New York - New York recorded net revenue of $54.4 million and EBITDA of $23.8 million during the 2001 second quarter when compared to $55.0 million and $25.8 million, respectively, in the prior year's quarter. EBITDA margin remained impressive at 44% during the 2001 period. Both casino and net non-casino revenue remained relatively flat quarter-over-quarter, while operating expenses increased largely due to higher utility costs. Primm Properties The Primm Properties, located in Primm, Nevada, produced net revenue for the 2001 second quarter of $53.8 million and EBITDA of $11.5 million. This compares with net revenue of $62.6 million and EBITDA of $20.9 million during the 2000 second quarter. These results are consistent with our first quarter experience as these properties have been negatively impacted by increased competition from Native American casinos, as well as higher fuel and utility costs in California and Nevada. Golden Nugget Las Vegas The Golden Nugget in downtown Las Vegas produced net revenue of $44.7 million and EBITDA of $9.3 million during the second quarter of 2001, representing increases of $1.1 million and $0.4 million, respectively, versus the amounts achieved in the 2000 second quarter. The improved results were largely due to an increase in table game hold percentage, and were achieved despite an 8% reduction in available room nights for the quarter due to a guest room renovation project, which began in June MGM Grand Detroit MGM Grand Detroit produced net revenue of $88.0 million and EBITDA of $34.1 million for the three months ended June 30, 2001 when compared with net revenue and EBITDA of $99.3 million and $43.6 million, respectively, for the 2000 second quarter. Despite the increased competition in the Detroit market, MGM Grand Detroit continued to focus on maximizing its profitability as evidenced by the 39% EBITDA margin in the 2001 second quarter. Beau Rivage Beau Rivage reported net revenue of $75.0 million and EBITDA of $17.2 million for the three months ended June 30, 2001, versus $77.6 million and $18.0 million, respectively, in the prior-year period. EBITDA margin held steady at 23%. Second quarter net revenue and EBITDA increased $6.2 million and $2.7 million, respectively, when compared with the first quarter of Increases in table game and slot volumes resulted in a $3.4 million increase in casino revenue when compared with the second quarter of 2000, which was more than offset by a $6.0 million decline in net non-casino revenue. This decline was largely the result of the closing of the Cirque du Soleil show, Alegria, which 4

5 ended its sixteen-month run at Beau Rivage in October Also contributing to the decline was the closure of the resort's coffee shop and lobby lounge in connection with the expansion of its buffet. The expanded buffet and new coffee shop were completed at the end of April. Monte Carlo Monte Carlo reported net revenue of $69.6 million and EBITDA of $24.0 million compared with $71.3 million and $26.4 million, respectively, for the second quarter of The Company's 50% share of this joint venture's results contributed $9.8 million to operating income for the three months ended June 30, MGM MIRAGE is an entertainment, hotel and gaming company headquartered in Las Vegas, Nevada, which owns and/or operates through subsidiaries 18 casino properties on three continents. Its U.S. holdings include: Bellagio, the MGM Grand Hotel and Casino - The City of Entertainment, The Mirage, Treasure Island, New York - New York Hotel and Casino, the Boardwalk Hotel and Casino and 50% of Monte Carlo, all located on the Las Vegas Strip; the Golden Nugget in Downtown Las Vegas; Whiskey Pete's, Buffalo Bill's, the Primm Valley Resort and two championship golf courses at the California/Nevada state line; the exclusive Shadow Creek golf course in North Las Vegas; the Golden Nugget in Laughlin, Nevada; the Beau Rivage resort on the Mississippi Gulf Coast; and the MGM Grand Detroit Casino in Detroit, Michigan. The Company is a joint venture partner on Borgata, a resort under development in Atlantic City, New Jersey and also controls several development sites in the ocean-front resort community. Internationally, MGM MIRAGE owns and operates the MGM Grand Hotel and Casino in Darwin, Australia and manages casinos in Nelspruit, Witbank and Johannesburg, Republic of South Africa. For more information on MGM MIRAGE and its operating subsidiaries, visit our website at Statements in this release which are not historical facts are "forward looking" statements and "safe harbor statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the company's public filings with the Securities and Exchange Commission. MGM MIRAGE AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30,

6 Revenues: Casino $549,685 $355,370 $1,124,433 $640,310 Rooms 231, , , ,648 Food and beverage 190,553 94, , ,216 Entertainment, retail and other 169,101 84, , ,649 Income from unconsolidated affiliate 9,809 2,740 21,360 2,740 1,150, ,987 2,326,925 1,110,563 Less: promotional allowances 98,828 50, ,477 83,768 1,051, ,513 2,120,448 1,026,795 Expenses: Casino 276, , , ,824 Rooms 64,307 35, ,111 58,419 Food and beverage 110,464 57, ,197 85,994 Entertainment, retail and other 106,455 52, ,738 77,721 Provision for doubtful accounts 17,088 7,967 31,737 13,241 General and administrative 152,161 87, , ,803 Preopening expenses and other 1,105 1,190 1,980 2,199 Restructuring costs -- 18, ,519 Write-Downs and Impairments , ,225 Depreciation and amortization 97,394 59, ,337 99, , ,204 1,647, ,465 Operating Profit 226,328 18, , ,330 Corporate Expense 10,375 7,107 21,199 12,686 Operating Income 215,953 11, , ,644 Non-Operating Income (Expense): Interest income 1,748 6,962 3,780 7,725 Interest expense, net (92,476) (47,369) (190,012) (69,460) Interest expense from unconsolidated affiliate (693) (273) (1,510) (273) Other, net (326) (350) (1,471) (512) (91,747) (41,030) (189,213) (62,520) Income (Loss) Before 6

7 Income Taxes and Extraordinary Item 124,206 (29,828) 262,708 41,124 Benefit (Provision) for income taxes (47,620) 11,567 (101,450) (15,080) Income (Loss) Before Extraordinary Item 76,586 (18,261) 161,258 26,044 Extraordinary Item: Loss on Early Extinguishment of Debt, net -- (733) (778) (733) Net Income (Loss) $76,586 $(18,994) $160,480 $25,311 Income Before Preopening and Other, Restructuring, Write-Downs and Impairments and Extraordinary Item $77,304 $60,685 $162,545 $109,207 MGM MIRAGE AND SUBSIDIARIES PER SHARE OF COMMON STOCK (Unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Per Share Of Common Stock: Basic: Income (Loss) Before Extraordinary Item $0.48 $(0.13) $1.01 $0.20 Extraordinary Item, net (0.01) Net Income (Loss) Per Share $0.48 $(0.13) $1.01 $0.19 Weighted Average Shares Outstanding (000's) 159, , , ,399 Diluted: Income (Loss) Before Extraordinary Item $0.47 $(0.13) $0.99 $0.20 Extraordinary Item, net (0.01) Net Income (Loss) Per Share $0.47 $(0.13) $0.99 $0.19 7

8 Weighted Average Shares Outstanding (000's) 161, , , ,748 MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA PER SHARE OF COMMON STOCK (Unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Per Share Of Common Stock: Basic: Income Before Preopening and other, Restructuring, Write-Downs and Impairments and Extraordinary Item $0.49 $0.40 $1.02 $0.83 Preopening expenses and Other, net (0.01) (0.01) (0.01) (0.01) Restructuring costs, net -- (0.08) -- (0.12) Write-Downs and Impairments, net -- (0.44) -- (0.50) Extraordinary Item, net (0.01) Net Income (Loss) Per Share $0.48 $(0.13) $1.01 $0.19 Weighted Average Shares Outstanding (000's) 159, , , ,399 Diluted: Income Before Preopening and other, Restructuring, Write-Downs and Impairments and Extraordinary Item $0.48 $0.40 $1.00 $0.82 Preopening expenses and Other, net (0.01) (0.01) (0.01) (0.01) Restructuring costs, net -- (0.08) -- (0.11) Write-Downs and Impairments, net -- (0.44) -- (0.50) Extraordinary Item, net (0.01) Net Income (Loss) Per Share $0.47 $(0.13) $0.99 $0.19 Weighted Average Shares Outstanding (000's) 161, , , ,748 8

9 MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA - PROPERTY OPERATING RESULTS (in thousands) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, NET REVENUES: Bellagio (1) $240,466 $66,619 $500,706 $66,619 MGM Grand Las Vegas 198, , , ,062 The Mirage (1) 163,894 48, ,444 48,213 Treasure Island (1) 93,300 28, ,666 28,558 New York-New York 54,393 54, , ,842 Primm Properties 53,821 62, , ,455 Golden Nugget Las Vegas (1) 44,680 13,594 93,128 13,594 Golden Nugget Laughlin (1) 11,792 3,463 24,259 3,463 MGM Grand Detroit 88,044 99, , ,084 Beau Rivage (1) 75,043 25, ,856 25,150 Income from Unconsolidated Affiliate (1) 9,809 2,740 21,360 2,740 Boardwalk (1) 9, , MGM Grand Australia 7,648 9,143 14,793 18,247 MGM Grand South Africa 1,356 1,513 2,389 2,768 $1,051,676 $603,513 $2,120,448 $1,026,795 EBITDA: Bellagio (1) $76,317 $16,978 $169,832 $16,978 MGM Grand Las Vegas 60,104 56, , ,064 The Mirage (1) 47,655 12, ,213 12,249 Treasure Island (1) 27,540 7,751 58,545 7,751 New York-New York 23,820 25,813 47,276 49,231 Primm Properties 11,497 20,864 22,892 40,674 Golden Nugget Las Vegas (1) 9,259 2,219 21,127 2,219 Golden Nugget Laughlin (1) 1, , MGM Grand Detroit 34,130 43,597 70,727 79,427 Beau Rivage (1) 17,206 5,408 31,695 5,408 Income from Unconsolidated Affiliate (1) 9,809 2,740 21,360 2,740 Boardwalk (1) 1, , MGM Grand Australia 3,142 3,595 6,111 6,977 MGM Grand South Africa 1,344 1,480 2,359 2,716 9

10 $324,827 $199,101 $668,437 $343,793 Note: (1) The Company acquired Mirage Resorts, Incorporated on May 31, 2000, thereby acquiring the Mirage Properties and 50% ownership in the Monte Carlo Resort & Casino. MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA - PRO FORMA PROPERTY OPERATING RESULTS (in thousands) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (1) (1) NET REVENUES: Bellagio $240,466 $217,048 $500,706 $455,735 MGM Grand Las Vegas 198, , , ,062 The Mirage 163, , , ,963 Treasure Island 93,300 91, , ,088 New York-New York 54,393 54, , ,842 Primm Properties 53,821 62, , ,455 Golden Nugget Las Vegas 44,680 43,618 93,128 89,925 Golden Nugget Laughlin 11,792 11,321 24,259 24,188 MGM Grand Detroit 88,044 99, , ,084 Beau Rivage 75,043 77, , ,973 Income from Unconsolidated Affiliate 9,809 10,927 21,360 19,302 Boardwalk 9,198 9,785 18,313 19,283 MGM Grand Australia 7,648 9,143 14,793 18,247 MGM Grand South Africa 1,356 1,513 2,389 2,768 $1,051,676 $1,027,380 $2,120,448 $2,102,915 EBITDA: Bellagio $76,317 $55,247 $169,832 $119,816 MGM Grand Las Vegas 60,104 56, , ,064 The Mirage 47,655 35, ,213 91,433 Treasure Island 27,540 26,891 58,545 55,501 New York-New York 23,820 25,813 47,276 49,231 Primm Properties 11,497 20,864 22,892 40,674 Golden Nugget Las Vegas 9,259 8,906 21,127 19,564 Golden Nugget Laughlin 1,331 1,685 2,827 4,238 MGM Grand Detroit 34,130 43,597 70,727 79,427 Beau Rivage 17,206 18,006 31,695 35,402 Income from Unconsolidated Affiliate 9,809 10,928 21,360 19,302 10

11 Boardwalk 1,673 1,646 3,373 3,512 MGM Grand Australia 3,142 3,595 6,111 6,977 MGM Grand South Africa 1,344 1,480 2,359 2,716 $324,827 $310,114 $668,437 $644,857 Note: (1) Pro forma amounts for 2000 include Mirage results for the period prior to the acquisition. MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL STATISTICAL INFORMATION Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, ROOM STATISTICS: Bellagio (1) (3,005 Rooms) Occupancy % 98.3% 98.6% 97.5% 98.7% Average Daily Rate (ADR) $183 $170 $189 $170 Revenue per Available Room (REVPAR) $180 $168 $184 $168 MGM Grand Las Vegas (5,034 Rooms) Occupancy % 98.5% 99.1% 96.7% 98.1% Average Daily Rate (ADR) $113 $110 $118 $110 Revenue per Available Room (REVPAR) $112 $109 $114 $108 The Mirage (1) (3,044 Rooms) Occupancy % 98.4% 97.4% 97.8% 97.3% Average Daily Rate (ADR) $128 $123 $130 $120 Revenue per Available Room (REVPAR) $126 $120 $128 $116 Treasure Island (1) (2,885 Rooms) Occupancy % 99.1% 99.8% 97.2% 99.4% Average Daily Rate (ADR) $100 $98 $104 $96 Revenue per Available Room (REVPAR) $99 $98 $101 $96 New York-New York (2,024 Rooms) Occupancy % 98.1% 98.1% 98.2% 96.7% Average Daily Rate (ADR) $90 $92 $91 $89 Revenue per Available Room (REVPAR) $88 $90 $89 $85 Primm Properties (2,642 Rooms) Occupancy % 59.3% 67.9% 59.3% 66.4% Average Daily Rate (ADR) $38 $37 $38 $37 Revenue per Available Room (REVPAR) $23 $25 $23 $25 Golden Nugget Las Vegas (1) (1,907 Rooms) 11

12 Occupancy % 98.3% 98.8% 98.4% 97.9% Average Daily Rate (ADR) $62 $57 $64 $59 Revenue per Available Room (REVPAR) $61 $56 $63 $58 Golden Nugget Laughlin (1) (300 Rooms) Occupancy % 93.7% 92.7% 94.9% 94.9% Average Daily Rate (ADR) $36 $38 $32 $36 Revenue per Available Room (REVPAR) $34 $35 $31 $34 Beau Rivage (1) (1,780 Rooms) Occupancy % 97.2% 99.2% 95.7% 97.0% Average Daily Rate (ADR) $87 $89 $80 $82 Revenue per Available Room (REVPAR) $84 $89 $76 $79 Boardwalk (1) (654 Rooms) Occupancy % 92.1% 94.7% 90.9% 92.5% Average Daily Rate (ADR) $66 $67 $68 $67 Revenue per Available Room (REVPAR) $60 $63 $62 $62 MGM Grand Australia (96 Rooms) Occupancy % 78.0% 84.0% 66.7% 75.9% Average Daily Rate (ADR) $57 $65 $57 $62 Revenue per Available Room (REVPAR) $45 $54 $38 $47 Note: (1) The Company acquired Mirage Resorts, Incorporated on May 31, 2000 thereby acquiring the Mirage Properties and 50% ownership in the Monte Carlo Resort & Casino. Information for 2000 includes Mirage results for the period prior to the acquisition. MGM MIRAGE AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share data) (Unaudited) ASSETS June 30, December 31, CURRENT ASSETS: Cash and cash equivalents $214,866 $227,968 Accounts receivable, net 188, ,650 Inventories 87,239 86,279 Income tax receivable 8,743 11,264 Deferred income taxes 129, ,934 Prepaid expenses 62,211 70,549 Total current assets 690, ,644 PROPERTY AND EQUIPMENT, NET 8,913,647 9,064,233 12

13 OTHER ASSETS: Investment in unconsolidated affiliates 590, ,422 Excess of purchase price over fair market value of net assets acquired, net 104,401 54,281 Deposits and other assets, net 250, ,021 Total other assets 945, ,724 $10,550,437 $10,734,601 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $57,659 $65,317 Current portion of long-term debt 229, ,308 Accrued interest on long-term debt 84,719 77,738 Other accrued liabilities 536, ,842 Total current liabilities 907,903 1,233,205 DEFERRED INCOME TAXES 1,721,126 1,730,158 LONG-TERM DEBT 5,324,551 5,348,320 OTHER LONG-TERM OBLIGATIONS 50,627 40,473 STOCKHOLDERS' EQUITY: Common stock ($.01 par value: authorized 300,000,000 shares, issued 163,455,434 and 163,189,205 shares and outstanding 159,396,434 and 159,130,205 shares) 1,635 1,632 Capital in excess of par value 2,046,458 2,041,820 Treasury stock, at cost (4,059,000 and 4,059,000 shares) (83,683) (83,683) Retained earnings 588, ,956 Other comprehensive loss (6,616) (5,280) Total stockholders' equity 2,546,230 2,382,445 $10,550,437 $10,734,601 MAKE YOUR OPINION COUNT - Click Here SOURCE: MGM MIRAGE Contact: Investment Community, Jim Murren, President and Chief Financial Officer, , or Media, Alan Feldman, Vice President, Public Affairs, , both of MGM MIRAGE 13

14 Company News On-Call: 14

MGM MIRAGE Reports Record Third Quarter Revenue, Cash Flow, and Net Income

MGM MIRAGE Reports Record Third Quarter Revenue, Cash Flow, and Net Income NEWS RELEASE MGM MIRAGE Reports Record Third Quarter Revenue, Cash Flow, and Net Income 10/18/2000 PRNewswire LAS VEGAS MGM MIRAGE (NYSE: MGG) today reported earnings of 42 cents per diluted share for

More information

MGM MIRAGE Reports Record First Quarter Results

MGM MIRAGE Reports Record First Quarter Results NEWS RELEASE MGM MIRAGE Reports Record First Quarter Results 5/3/2007 PRNewswire-FirstCall LAS VEGAS MGM MIRAGE (NYSE: MGM) today reported its first quarter 2007 financial results, achieving the Company's

More information

MGM MIRAGE Reports Second Quarter Results

MGM MIRAGE Reports Second Quarter Results NEWS RELEASE MGM MIRAGE Reports Second Quarter Results 8/5/2008 PRNewswire-FirstCall LAS VEGAS MGM MIRAGE (NYSE: MGM) today reported its second quarter 2008 financial results. The Company achieved 97%

More information

MGM Resorts International Reports Second Quarter Financial Results

MGM Resorts International Reports Second Quarter Financial Results NEWS RELEASE MGM Resorts International Reports Second Quarter Financial Results 8/5/2014 Consolidated Adjusted EBITDA Increased 8%, Led By 10% Growth In Wholly Owned Domestic Resorts MGM China Declares

More information

MGM MIRAGE Reports Fourth Quarter and Full Year Financial Results

MGM MIRAGE Reports Fourth Quarter and Full Year Financial Results NEWS RELEASE MGM MIRAGE Reports Fourth Quarter and Full Year Financial Results 2/18/2010 CityCenter Opens to Rave Reviews Convention Booking Pace Continues to Strengthen PRNewswire-FirstCall LAS VEGAS

More information

MGM Resorts International Reports Fourth Quarter and Full Year Results

MGM Resorts International Reports Fourth Quarter and Full Year Results NEWS RELEASE MGM Resorts International Reports Fourth Quarter and Full Year Results 2/14/2011 LAS VEGAS, Feb. 14, 2011 /PRNewswire-FirstCall/ -- MGM Resorts International (NYSE: MGM) today announced a

More information

MGM Resorts International Reports Strong First Quarter Financial And Operating Results

MGM Resorts International Reports Strong First Quarter Financial And Operating Results NEWS RELEASE MGM Resorts International Reports Strong First Quarter Financial And Operating Results 5/5/2016 Increases Wholly Owned Domestic Resorts Net Revenue and Adjusted Property EBITDA by 3% and 24%

More information

MGM Resorts International Reports First Quarter Financial And Operating Results

MGM Resorts International Reports First Quarter Financial And Operating Results NEWS RELEASE MGM Resorts International Reports First Quarter Financial And Operating Results 4/27/2017 LAS VEGAS, April 27, 2017 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or

More information

MGM Resorts International Reports Fourth Quarter And Full Year Financial And Operating Results; Announces Quarterly Dividend

MGM Resorts International Reports Fourth Quarter And Full Year Financial And Operating Results; Announces Quarterly Dividend NEWS RELEASE MGM Resorts International Reports Fourth Quarter And Full Year Financial And Operating Results; Announces Quarterly Dividend 2/16/2017 Increased diluted earnings per share in the fourth quarter

More information

Q3 HIGHLIGHTS. Strong High End Table Games Volume Baccarat Volume Up 22%

Q3 HIGHLIGHTS. Strong High End Table Games Volume Baccarat Volume Up 22% what if Q3 HIGHLIGHTS Net Revenues up 5% to $1.9 Billion 5% Increase in Gaming Revenues Strong High End Table Games Volume Baccarat Volume Up 22% Slot Revenue Up 5% Hotel Revenues Grew 3% - Led by a 6%

More information

MGM Resorts International (Exact name of registrant as specified in its charter)

MGM Resorts International (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event

More information

MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER FINANCIAL AND OPERATING RESULTS

MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER FINANCIAL AND OPERATING RESULTS Exhibit 99.1 MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER FINANCIAL AND OPERATING RESULTS Las Vegas, Nevada, August 2, 2018 MGM Resorts International (NYSE: MGM) ( MGM Resorts or the Company ) today

More information

MGM MIRAGE and Mandalay Resort Group Sign Definitive Agreement for MGM MIRAGE to Acquire Mandalay for $71.00 Per Share in Cash

MGM MIRAGE and Mandalay Resort Group Sign Definitive Agreement for MGM MIRAGE to Acquire Mandalay for $71.00 Per Share in Cash NEWS RELEASE MGM MIRAGE and Mandalay Resort Group Sign Definitive Agreement for MGM MIRAGE to Acquire Mandalay for $71.00 Per Share in Cash 6/16/2004 Will Create the Premier Global Diversified Gaming and

More information

Q2 Financial Results Before One-Time Charges

Q2 Financial Results Before One-Time Charges Q2 Highlights Generated Record Net Revenues of $1.7 Billion, Up 60% Same-Store Net Revenues were $1.2 Billion, Up 11% Over 2004 Produced Record Property-Level EBITDA of $567 Million Same-Store Property-Level

More information

Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor

Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements and safe harbor 2017 Annual Meeting of Shareholders Presentation May 2017 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor statements"

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$32.0 Million and EPS of US$0.72 for the Second Quarter of 2012 Excluding special items, adjusted net income came in at $58.6 million, or EPS of $1.32 per share Panama

More information

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 May 9, 2018 PANAMA CITY, May 9, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial

More information

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website : (Stock Code : 200)

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website :  (Stock Code : 200) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 November 14, 2018 PANAMA CITY, Nov. 14, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Fourth Quarter 2017

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2017

More information

Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006

Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Panama City, Panama --- March 7, 2007. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa

More information

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website : (Stock Code : 200)

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website :   (Stock Code : 200) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS Copa Holdings Reports Financial Results for the Third Quarter of 2016 Excluding special items, adjusted net income came in at $55.3 million, or adjusted EPS of $1.30 per share Panama City, Panama --- November

More information

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS Copa Holdings Reports Net Income of US$6.2 Million and EPS of US$0.14 for the Third Quarter of 2015 Excluding special items, adjusted net income came in at $37.4 million, or EPS of $0.85 per share Panama

More information

Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018

Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Panama City, Panama --- Aug 8, 2018. Copa Holdings, S.A. (NYSE: CPA), today announced financial results

More information

SkyWest, Inc. Announces First Quarter 2018 Profit

SkyWest, Inc. Announces First Quarter 2018 Profit NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces First Quarter 2018

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Net Income of US$113.1 Million and EPS of US$2.57 for the First Quarter of 2015 Excluding special items, adjusted net income came in at US$106.0 million, or EPS of US$2.41 per share

More information

Spirit Airlines Reports First Quarter 2017 Results

Spirit Airlines Reports First Quarter 2017 Results Spirit Airlines Reports First Quarter 2017 Results MIRAMAR, Fla., April 28, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported first quarter 2017 financial results. GAAP net income for the first

More information

LD Micro Conference June 2017 FULL HOUSE RESORTS 1

LD Micro Conference June 2017 FULL HOUSE RESORTS 1 LD Micro Conference June 2017 FULL HOUSE RESORTS 1 Forward-looking Statements / Regulation G This presentation may contain statements that are "forward-looking statements" within the meaning of the safe

More information

GAMING INVESTMENT FORUM AT G2E. September 26, 2016

GAMING INVESTMENT FORUM AT G2E. September 26, 2016 GAMING INVESTMENT FORUM AT G2E September 26, 2016 Dan D Arrigo EVP & Chief Financial Officer MGM Resorts International MGM RESORTS INTERNATIONAL Strong Domestic Operating Results Las Vegas Trends Maximizing

More information

MGM GROWTH PROPERTIES LLC Second Quarter 2016 Earnings Presentation

MGM GROWTH PROPERTIES LLC Second Quarter 2016 Earnings Presentation MGM GROWTH PROPERTIES LLC Second Quarter 06 Earnings Presentation August 4, 06 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements

More information

MGM RESORTS INTERNATIONAL Third Quarter 2016 Earnings Presentation

MGM RESORTS INTERNATIONAL Third Quarter 2016 Earnings Presentation MGM RESORTS INTERNATIONAL Third Quarter 2016 Earnings Presentation November 7, 2016 Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements,

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Financial Results for the First Quarter of 2016 Excluding special items, adjusted net income came in at US$69.9 million, or EPS of US$1.66 per share Panama City, Panama --- May 5,

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Net Income of $103.8 million and EPS of $2.45 for the Third Quarter of 2017 Excluding special items, adjusted net income came in at $100.8 million, or EPS of $2.38 per share Panama

More information

Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013

Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Panama City, Panama --- February 12, 2014. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the

More information

FIRST QUARTER RESULTS 2017

FIRST QUARTER RESULTS 2017 FIRST QUARTER RESULTS 2017 KEY RESULTS In the 1Q17 Interjet total revenues added $4,421.5 million pesos that represented an increase of 14.8% over the income generated in the 1Q16. In the 1Q17, operating

More information

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS NEWS RELEASE For Further Information Contact: Investor Relations Telephone: (435) 634-3203 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: October 29, 2014 SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

More information

Spirit Airlines Reports Second Quarter 2018 Results

Spirit Airlines Reports Second Quarter 2018 Results Spirit Airlines Reports Second Quarter 2018 Results MIRAMAR, Fla., July 25, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported second quarter 2018 financial results. GAAP net income for the second

More information

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results MIRAMAR, FL. (February 7, 2017) - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported fourth quarter and full year 2016 financial results.

More information

THIRD QUARTER RESULTS 2018

THIRD QUARTER RESULTS 2018 THIRD QUARTER RESULTS 2018 KEY RESULTS In the 3Q18 Interjet total revenues added $ 6,244.8 million pesos that represented an increase of 7.0% over the revenue generated in the 3Q17. In the 3Q18, operating

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2016

More information

American Airlines Group Reports Second-Quarter Profit

American Airlines Group Reports Second-Quarter Profit NEWS RELEASE American Airlines Group Reports Second-Quarter Profit 7/28/2017 FORT WORTH, Texas American Airlines Group Inc. (NASDAQ:AAL) today reported its second-quarter 2017 results, including these

More information

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results.

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results. April 29, 2015 Spirit Airlines Announces First Quarter 2015 Results; Adjusted Net Income Increases 87.1 Percent to $70.7 Million and Pre-Tax Margin Increases 900 Basis Points to 22.7 Percent MIRAMAR, Fla.,

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2015 Excluding special items, adjusted net income came in at $31.7 million, or EPS of $0.73 per share Panama City, Panama --- February

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,

More information

FIRST QUARTER RESULTS 2016

FIRST QUARTER RESULTS 2016 FIRST QUARTER RESULTS 2016 KEY RESULTS In 1Q16 Interjet total revenues added $3,850.8 million pesos that represented an increase of 21.9% over the income generated in the 1Q15. In 1Q16 total passengers

More information

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Mexico City, Mexico, April 22, 2015 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving

More information

Forward-Looking Statements. Note Regarding Presentation of Non-GAAP Financial Measures

Forward-Looking Statements. Note Regarding Presentation of Non-GAAP Financial Measures First Quarter 2016 Earnings Presentation May 5, 2016 Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements, within the meaning of the Private

More information

STARWOOD REPORTS SECOND QUARTER 2009 RESULTS

STARWOOD REPORTS SECOND QUARTER 2009 RESULTS CONTACT: Jason Koval (914) 640-4429 FOR IMMEDIATE RELEASE July 23, 2009 STARWOOD REPORTS SECOND QUARTER 2009 RESULTS WHITE PLAINS, NY, July 23, 2009 Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)

More information

Q1 Fiscal 2018 Statistics

Q1 Fiscal 2018 Statistics Q1 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2018 September 19, 2017 This report is a statistical supplement to FedEx s interim financial reports

More information

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent October 27, 2015 Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent MIRAMAR, Fla., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ:SAVE) today reported third quarter

More information

CROWN ANNOUNCES 2010 FULL YEAR RESULTS

CROWN ANNOUNCES 2010 FULL YEAR RESULTS ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 26 August 2010 CROWN ANNOUNCES 2010 FULL YEAR RESULTS MELBOURNE: Crown Limited (ASX: CWN) today announced its results for the full year ended 30 June 2010: Normalised

More information

Summary of Results for the First Quarter of FY2015/3

Summary of Results for the First Quarter of FY2015/3 Summary of for the First Quarter of FY2015/3 August 8, 2014 Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 4 Ⅲ.Details of Financial for the

More information

Spirit Airlines Reports Third Quarter 2017 Results

Spirit Airlines Reports Third Quarter 2017 Results Spirit Airlines Reports Third Quarter 2017 Results MIRAMAR, Fla., October 26, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported third quarter 2017 financial results. GAAP net income for the third

More information

FOURTH QUARTER RESULTS 2017

FOURTH QUARTER RESULTS 2017 FOURTH QUARTER RESULTS 2017 KEY RESULTS In the 4Q17 Interjet total revenues added $5,824.8 million pesos that represented an increase of 10.8% over the revenue generated in the 4Q16. In the 4Q17, operating

More information

THIRD QUARTER RESULTS 2017

THIRD QUARTER RESULTS 2017 THIRD QUARTER RESULTS 2017 KEY RESULTS In the 3Q17 Interjet total revenues added $5,835.1 million pesos that represented an increase of 22.0% over the revenue generated in the 3Q16. In the 3Q17, operating

More information

ORIENT-EXPRESS HOTELS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2004 RESULTS

ORIENT-EXPRESS HOTELS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2004 RESULTS Contact: William W. Galvin Tel: +1 203 618 9800 James Struthers Orient-Express Hotels Ltd Tel: +44 20 7805 5230 ORIENT-EXPRESS HOTELS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2004 RESULTS. EXCLUDING GAIN

More information

MGM MIRAGE ANNUAL REPORT 2000 RAISED TO A NEW POWER MGM MIRAGE ANNUAL REPORT 2000 M 2 RAISED TO A NEW POWER

MGM MIRAGE ANNUAL REPORT 2000 RAISED TO A NEW POWER MGM MIRAGE ANNUAL REPORT 2000 M 2 RAISED TO A NEW POWER MGM MIRAGE ANNUAL REPORT 2000 RAISED TO A NEW POWER MGM MIRAGE ANNUAL REPORT 2000 M 2 RAISED TO A NEW POWER MGM_COVER/BC.final2 3/16/01 5:11 PM Page 2 MGM MIRAGE AROUND THE GLOBE 5 Primm Valley Resort

More information

BAML 2017 Japan Conference The Opportunity For Integrated Resorts In Japan

BAML 2017 Japan Conference The Opportunity For Integrated Resorts In Japan BAML 2017 Japan Conference The Opportunity For Integrated Resorts In Japan September 7, 2017 Jim Murren Chairman and CEO MGM Resorts International AGENDA 1. MGM Resorts Who We Are 2. The Japan Opportunity

More information

Spirit Airlines Reports First Quarter 2018 Results

Spirit Airlines Reports First Quarter 2018 Results Spirit Airlines Reports First Quarter 2018 Results MIRAMAR, Fla., April 26, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2018 financial results. For the first quarter 2018, Spirit

More information

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4.

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4. Allegiant Travel Company Fourth Quarter and Full Year 2013 Financial Results January 29, 2014 1:00 PM PT 44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$18.6 Million and EPS of US$0.42 for the Second Quarter of 2010 Excluding special items, adjusted net income came in at $26.3 million, or $0.60 per share Panama City,

More information

Summary of Results for the First Three Quarters FY2015/3

Summary of Results for the First Three Quarters FY2015/3 Summary of Results for the First Three Quarters FY2015/3 February 10, 2015 Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 5 Ⅲ.Details of Financial

More information

THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS

THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS In 3Q14 INTERJET total revenues were $ 3,643.4 million, representing an increase of 9.9% on revenues generated in the 3Q13. Accumulated 9M14 INTERJET total

More information

Historical Statistics

Historical Statistics Historical Statistics FedEx Corporation Financial and Operating Statistics FY 2005 FY 2014 This report is a statistical supplement to FedEx s interim financial reports and is prepared quarterly. Additional

More information

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Panama City, Panama --- February 21, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica, today announced

More information

MARRIOTT INTERNATIONAL, INC. PRESS RELEASE SCHEDULES QUARTER 4, 2016 TABLE OF CONTENTS

MARRIOTT INTERNATIONAL, INC. PRESS RELEASE SCHEDULES QUARTER 4, 2016 TABLE OF CONTENTS PRESS RELEASE SCHEDULES QUARTER 4, 06 TABLE OF CONTENTS Consolidated Statements of Income - As Reported A- Consolidated Statements of Income - Fourth Quarter Adjusted 06 Compared to Combined 05 A-3 Consolidated

More information

Q3 Fiscal 2018 Statistics

Q3 Fiscal 2018 Statistics Q3 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2018 March 20, 2018 This report is a statistical supplement to FedEx s interim financial reports and

More information

Q4 Fiscal 2017 Statistics

Q4 Fiscal 2017 Statistics Q4 Fiscal 2017 Statistics FedEx Corporation Financial and Operating Statistics Fourth Quarter Fiscal 2017 July 17, 2017 This report is a statistical supplement to FedEx s interim financial reports and

More information

Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008

Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008 Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008 Panama City, Panama --- February 19, 2009. Copa Holdings, S.A. (NYSE: CPA), parent

More information

Deutsche Bank 2011 Leveraged Finance Conference Sarah Rogers - Investor Relations

Deutsche Bank 2011 Leveraged Finance Conference Sarah Rogers - Investor Relations Deutsche Bank 2011 Leveraged Finance Conference Sarah Rogers - Investor Relations Las Vegas Indicators Improving (YTD through August 2011) Visitation +5% Average Daily Auto Traffic Flat McCarran Airport

More information

STARWOOD REPORTS FOURTH QUARTER 2011 RESULTS

STARWOOD REPORTS FOURTH QUARTER 2011 RESULTS CONTACT: Jason Koval (203) 351-3500 FOR IMMEDIATE RELEASE February 2, 2012 STARWOOD REPORTS FOURTH QUARTER 2011 RESULTS STAMFORD, CT, February 2, 2012 Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)

More information

Q3 Fiscal 2017 Statistics

Q3 Fiscal 2017 Statistics Q3 Fiscal 2017 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2017 February 28, 2017 This report is a statistical supplement to FedEx s interim financial reports and

More information

Full House Resorts. Investor Presentation December 2018

Full House Resorts. Investor Presentation December 2018 Full House Resorts Investor Presentation December 2018 Forward-looking Statements & Regulation G 2 This presentation may contain statements that are "forward-looking statements" within the meaning of the

More information

Allegiant Travel Company Reports First Quarter 2009 Financial Results

Allegiant Travel Company Reports First Quarter 2009 Financial Results Allegiant Travel Company Reports First Quarter 2009 Financial Results --NET INCOME INCREASES 191%, OPERATING MARGIN EXCEEDS 31% LAS VEGAS, April 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/

More information

Wells Fargo Net Lease REIT Forum 2016

Wells Fargo Net Lease REIT Forum 2016 Wells Fargo Net Lease REIT Forum 2016 September 2016 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor statements"

More information

STARWOOD REPORTS STRONG SECOND QUARTER 2007 RESULTS

STARWOOD REPORTS STRONG SECOND QUARTER 2007 RESULTS CONTACT: Jason Koval (914) 640-4429 FOR IMMEDIATE RELEASE August 2, 2007 STARWOOD REPORTS STRONG SECOND QUARTER 2007 RESULTS WHITE PLAINS, NY, August 2, 2007 Starwood Hotels & Resorts Worldwide, Inc. (NYSE:

More information

STARWOOD REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2006 RESULTS

STARWOOD REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2006 RESULTS CONTACT: Jason Koval (914) 640-4429 FOR IMMEDIATE RELEASE February 1, 2007 STARWOOD REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2006 RESULTS Company Signs Record 156 New Hotel Contracts in 2006 As Starwood

More information

Historical Statistics

Historical Statistics Historical Statistics FedEx Corporation Financial and Operating Statistics FY 2006 FY 2015 This report is a statistical supplement to FedEx s interim financial reports and is prepared annually. Additional

More information

Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History

Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History July 24, 2013 Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History MIRAMAR, Fla., July 24, 2013 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported second

More information

Delta Air Lines Announces September Quarter Profit

Delta Air Lines Announces September Quarter Profit Page 1 FOR IMMEDIATE DISTRIBUTION CONTACT: Investor Relations 404-715-2170 Corporate Communications 404-715-2554, media@delta.com news archive at news.delta.com Delta Air Lines Announces September Quarter

More information

Q1 Fiscal 2011 Statistics

Q1 Fiscal 2011 Statistics Q1 Fiscal 2011 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2011 September 16, 2010 This report is a statistical supplement to FedEx s interim financial reports

More information

Marriott International Reports Third Quarter 2016 Results

Marriott International Reports Third Quarter 2016 Results November 7, 2016 Marriott International Reports Third 2016 Results BETHESDA, Md., Nov. 7, 2016 /PRNewswire/ -- HIGHLIGHTS Marriott International's acquisition of Starwood Hotels & Resorts Worldwide closed

More information

Q4 Fiscal 2018 Statistics

Q4 Fiscal 2018 Statistics Q4 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics Fourth Quarter Fiscal 2018 June 19, 2018 This report is a statistical supplement to FedEx s interim financial reports and

More information

Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08

Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08 Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08 Panama City, Panama --- November 13, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica,

More information

STAR CRUISES ANNOUNCES RECORD FIRST QUARTER EARNINGS FOR 2000

STAR CRUISES ANNOUNCES RECORD FIRST QUARTER EARNINGS FOR 2000 PRESS RELEASE MAY 3, 2000 (For immediate release) STAR CRUISES ANNOUNCES RECORD FIRST QUARTER EARNINGS FOR 2000 With mandatory offer for the acquisition of NCL Holding ASA ( NCL ) completed on February

More information

Q3 Fiscal 2011 Statistics

Q3 Fiscal 2011 Statistics Q3 Fiscal 2011 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2011 March 17, 2011 This report is a statistical supplement to FedEx s interim financial reports and

More information

Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus

Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus Grupo Viva Aerobus announces results for the first quarter of 2016 Mexico City, Mexico, April 29, 2016- Grupo Viva Aerobus S.A. de C.V. ( Grupo Viva

More information

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2012 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2012 RESULTS NEWS RELEASE For Further Information Contact: Michael J. Kraupp Chief Financial Officer and Treasurer Telephone: (435) 634-3212 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: November 7, 2012 SKYWEST, INC.

More information

WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million

WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million FOR IMMEDIATE RELEASE WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million CALGARY, ALBERTA. November 4, 2009. WestJet (TSX:WJA) today

More information

Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor

Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements and safe harbor Investor Presentation November 2017 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor statements" within the meaning

More information

IMPORTANT NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE KRKA GROUP FOR 2006

IMPORTANT NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE KRKA GROUP FOR 2006 Pursuant to the Rules of the Ljubljana Stock Exchange and the Securities Market Act (ZTVP-1, Official Gazette of the Republic of Slovenia, no 56/99), Krka, d.d., Novo mesto, Šmarješka cesta 6, 8501 Novo

More information

For personal use only

For personal use only ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 25 February 2016 CROWN ANNOUNCES 2016 HALF YEAR RESULTS MELBOURNE: Crown Resorts Limited (ASX: CWN) today announced its results for the half year ended 31 December

More information

Q1 Fiscal 2019 Statistics

Q1 Fiscal 2019 Statistics Q1 Fiscal 2019 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2019 September 17, 2018 This report is a statistical supplement to FedEx s interim financial reports

More information

ISI Group Annual Conference February 15, 2011

ISI Group Annual Conference February 15, 2011 ISI Group Annual Conference February 15, 2011 CURRENT LAS VEGAS MARKET TRENDS (Full Year 2010) Visitation Up 2.7% Las Vegas Strip Gaming Revenues Up 4.1% Airline Passengers Down 1.8% Auto Traffic Up 3.1%

More information

Balance sheets and additional ratios

Balance sheets and additional ratios Balance sheets and additional ratios amounts in millions unless otherwise stated Consolidated balance sheets Dutch guilders USD* June 30, December 31, June 30, December 31, 1997 1996 1997 1996 Fixed assets

More information

HIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT

HIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT 3 November 2011 Page 1 of 4 No. 06/11 03 November 2011 HIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT GROUP FINANCIAL PERFORMANCE First Half 2011-12 The Group made a net

More information

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter MONTRÉAL, November 4, 2010 Air Canada today reported operating income

More information

Q1 Fiscal 2010 Statistics

Q1 Fiscal 2010 Statistics Q1 Fiscal 2010 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2010 September 17, 2009 This report is a statistical supplement to FedEx s interim financial reports

More information